Here is the best of Trade standardThursday’s reviews
The 47th meeting of the Goods and Services Tax (GST) Council, which ended on Wednesday, was perhaps one of the most important since the new indirect tax regime was put in place. In this regard, our editorial notes that if the compensation is not extended, which is a strong possibility, the recommendations under the tariff rationalization would become more important. Moving to the revenue-neutral rate with fewer slabs would help increase Center and state revenue.
V.S. Krishnan, a former member of the Central Excise and Customs Board, argues that the GST is more than just tax reform. Lily here
In other views
Health care in the NCR for low-income groups and the wealthy is riddled with flaws, writes Jaimini Bhagwati. Lily here
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